In 2024, Binance recorded $21.6B in user deposits, more than the next 10 exchanges combined, and became the first platform to exceed $100 trillion in lifetime trading volume.
As the industry wrestles with market corrections and security breaches, Binance has solidified its reputation as crypto’s go-to safe haven.
When a peer exchange suffered a $1.4B hack in February 2025, users rushed to Binance. Net inflows hit $3.97B in just one week—10x more than nine other major exchanges combined.
Even as trading volumes across the crypto space plummeted in Q1 2025 (BTC: $44B → $10B, Altcoins: $122B → $23B), Binance gained share. During high-volatility events, it processed more volume than all competitors combined.
In every market phase—bull runs, black swans, or bear lulls—Binance remains the constant. As crypto matures, the industry’s “flight to quality” increasingly has just one destination.
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Binance Surges Past $100T in Trades, Cements Dominance in Cooling Crypto Market – Tech Labari
